9 Cheap New Stocks to Buy According to Analysts

6. Infinity Natural Resources Inc. (NYSE:INR)

Forward P/E Ratio as of June 13: 7.53

Number of Hedge Fund Holders: 21

Average Upside Potential as of June 13: 33.90%

Infinity Natural Resources Inc. (NYSE:INR) is one of the 11 cheap new stocks to buy according to analysts. On June 11, Raymond James raised its price target on Infinity Natural Resources to $28 from $26, while maintaining a Strong Buy rating. This adjustment followed the Q1 2025 earnings report released earlier on May 13, after which Raymond James noted a steady first quarter for the company.

Raymond James also highlighted positive implications from EOG’s acquisition of Encino, as this removed Infinity Natural Resources’ primary competition from a consolidation perspective. In Q1, Infinity placed 6 wells into sales on budget and ahead of schedule, which totaled ~83,000 lateral feet. This included 1 oil well in the Utica Shale in Ohio in early January and 5 natural gas wells in the Marcellus Shale in Pennsylvania in late March.

The company also accelerated a natural gas-weighted project by contracting a second drilling rig to drill 4 natural gas wells in the Marcellus Shale in Pennsylvania, which are expected to begin sales this summer. Infinity Natural Resources’ total net daily production for the quarter was 26.5 MBoe/d, which composed of ~31% oil and 55% liquids and showed a 13% sequential growth.

Infinity Natural Resources Inc. (NYSE:INR) acquires, explores, and develops properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the US.